UK-based Babylon, a remote care company, has raised $25 million in a round led by Investment AB Kinnevik with participation from Hoxton Ventures, Innocent Drinks cofounders Richard Reed, Adam Balon, and Jon Wright, as well as Deepmind cofounders Demis Hassabis and Mustafa Suleyman.
The company’s CEO and founder, Ali Parsa, began working on Babylon in 2013 and launched the offering in early 2105...
The medical app market was worth $489 million in 2015 and nearly 40 percent of sales came from health monitoring apps, according to a report from research firm Kalorama Information.
Kalorama includes telemedicine and monitoring apps in this app category.
"Involvement in this care segment has several benefits and hospitals, care givers, device manufacturers, and patients are continuing to jump on...
